The new Law is only applicable in the case of non-residents and for all intended purposes, non- residents are not only individuals that are not permanent residents in Cyprus but also international companies and international partnerships.
The most important provisions of the Law are summarized as follows:
The Law defines the international trust as the trust of which:
Our firm offers specialized advice in regards of trusts agreement in Cyprus and in other jurisdictions. We deliver a flexible and responsive trust service that meets the needs of a wider range of clients.
The Trust services available include establishing and acting as trustees or co-trustees for the administration of trusts, provision of full accounting services and portofolio administration and reporting.
For information on the formation of Trusts according to your own circumstances, please get in touch with a member of our professional team to arrange a meeting to discuss your precise needs.
For more information please download our TAX FACTS leaflet.